New Delhi, Oct. 1 -- The central government on Wednesday released an additional tax devolution to states worth Rs.1.01 trillion ahead of the festive season to finance their welfare and development expenditure.

This devolution will be in addition to the scheduled devolution on 10 October and will enable states to accelerate capital spending, the Union finance ministry said in a statement late on Wednesday.

Uttar Pradesh has received the largest share of Rs.18,227 crore or nearly 18%, with Bihar getting the second-largest share of the pie at Rs.10,219 crore, a little over 10%.

Tax devolution from the central government is used by states to finance their development and welfare initiatives. These funds are released periodically and can be...